1 month ago
Comcast blew past Wall Street forecasts connected nan apical and bottommost lines for nan 3 months ended successful March arsenic advertisement income boomed and shaky broadband appears to beryllium turning around. The shares, which person been poky complete nan past year, jumped complete 10% aft nan numbers.
Peacock added 5 cardinal subscribers year-on-year to 46 million, up 2 cardinal from Q4 2025. Revenue topped $2 billion.
Brian Roberts and Mike Cavanagh, now co-CEOs, called 2026 “an important twelvemonth of execution.”
“We’re seeing tangible early signs our pivot is taking hold” successful broadband, a cardinal attraction of investors, wherever subscriber losses improved amid a awesome push.
Legendary February, featured nan Milan Cortina Winter Olympics, nan Super Bowl and nan NBA All-Star Game, drove grounds advertizing and Peacock growth.
Revenue roseate 5.3% to $31.46 billion. Adjusted net per shares came successful astatine 79 cents, down 27% but supra forecasts. The institution is taking a to profit deed arsenic it pays down its caller NBA authorities deal.
It generated $3.9 cardinal successful free rate flow.
The NBCUniversal genitor reported numbers adjusted for nan spinoff of Versant Media successful January.
More to come
